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To: GST who wrote (104311)5/28/2000 11:43:00 PM
From: Bill Harmond  Read Replies (2) | Respond to of 164684
 
>>There are now attractive investments

Tell me more, GST.



To: GST who wrote (104311)5/29/2000 12:04:00 AM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 164684
 
>> this might be the time to buy them.

I've bought them already. But my feeling is that more time has to pass before people give up on momentum stocks. It will take months before people are convinced to buy shares in a business, instead of stocks as "positional goods".

As long as ordinary speculators think they can profit from the momentum pyramid, they will keep trying it. Until they run out of money. Because for sure they will not abandon the method that served them so well in the recent past. They are destined to part with their money. I figure it will take another $trillion or two before the fools are out of the way. And then it will be time to buy the value stocks. But just in case it happens sooner, I'm fully invested already.